It's a principle that exhausts rights.
Caveat: I'm one of those that
believes Fair Use is a right - a right to the public. Or if you prefer the
reverse logic: a limitation on the rights of the Copyright Holder. One might
say it's an area that is the right of the public which the Copyright Owner's own
rights may not extend.
The point by placing your statement into an
equivalent context: I view your position as splitting hairs, so knock yourself
out.
And copyright law does not, contrary to what you assert, give
the copyright holder any right to profit from their work.
I
certainly didn't intend to assert that. To be clear on how I view
Copyright:
Copyright is an exchange to ensure knowledge that would otherwise
be kept from the public is disseminated to the public for a Legal Monopoly in
the market in order to provide the Copyright Owner a greater opportunity to
profit.
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